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Minnesota State Wire

Tuesday, November 5, 2024

Oak Grove home prices rise in the third quarter of 2019

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The median sale price of a home sold in the third quarter of 2019 in Oak Grove rose by $37,500 while total sales decreased by 2.6%, according to BlockShopper.com.

From July through September of 2019, there were 37 homes sold, with a median sale price of $345,000 - a 12.2% increase over the $307,500 median sale price for the same period of the previous year. There were 38 homes sold in Oak Grove in the third quarter of 2018.

The median sales tax in Oak Grove for 2019 was $2,448. In 2018, the median sales tax was $2,325. This marks an increase of 5.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.7%.

The following table compares Oak Grove to other Anoka County cities with similar median sales prices in the third quarter of 2019:

CityJuly - Sept. 2019 Home SalesJuly - Sept. 2018 Home Sales% change (Total Home Sales)July - Sept. 2019 Median Sales PriceJuly - Sept. 2018 Median Sales Price% change (Median Sales Price)
Nowthen1215-20%$398,000$314,90026.4%
Linwood1317-23.5%$370,000$276,50033.8%
Ham Lake3959-33.9%$355,000$316,00012.3%
Columbus181612.5%$349,950$380,500-8%
Oak Grove3738-2.6%$345,000$307,50012.2%
Andover14411921%$320,000$287,50011.3%
Lino Lakes4975-34.7%$295,000$277,0006.5%
Ramsey114128-10.9%$279,950$240,00016.6%
Centerville1021-52.4%$268,950$300,000-10.4%
Blaine273366-25.4%$267,000$247,7507.8%
East Bethel4858-17.2%$264,800$265,000-0.1%

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